Austal Limited (OTCMKTS:AUTLF) Short Interest Update

Austal Limited (OTCMKTS:AUTLF) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 75,854 shares, an increase of 284.9% from the April 30th total of 19,708 shares. Based on an average trading volume of 14,400 shares, the short-interest ratio is currently 5.3 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Austal to a “hold” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Austal Trading Down 2.3%

Shares of OTCMKTS AUTLF opened at $2.87 on Friday. The firm has a market cap of $1.21 billion and a P/E ratio of 34.78. Austal has a 1-year low of $2.71 and a 1-year high of $6.35. The business’s 50 day moving average is $3.18 and its 200-day moving average is $4.03.

Austal Company Profile

Austal is a global shipbuilding and defense contractor specializing in the design, construction, and support of high-speed aluminum vessels. Headquartered in Henderson, Western Australia, the company delivers commercial ferries, patrol boats, and military transport ships to navies and ferry operators worldwide. Its focus on lightweight, fuel-efficient hull designs has made it a preferred partner for customers seeking rapid-transit and littoral operations capabilities.

Founded in 1988, Austal began as a commercial ferry builder and has since expanded into defense markets, securing major contracts with the U.S.